GgoogleSG first seen 14 h ago, last 14 h ago, peak #2
Nasdaq in focus as US inflation jumps to 3.7%
Original: nasdaq
US inflation rose to 3.7%, driven higher by the Iran war pushing up prices, according to the Financial Times. The jump is keeping investors focused on the Nasdaq and wider US stock markets, as hotter inflation readings reduce expectations for interest rate cuts. Traders across the US, India and Australia are watching how equities and the Federal Reserve respond to the latest data.
Why now: The surprise rise in US inflation is moving stock markets and shifting expectations for Fed rate policy.
NasdaqFinancial TimesFederal ReserveUnited StatesIran
Evidence
- Fed rate hike call seen tight as inflation heats up · Reuters
- US consumer prices rise by most since April in broad advance · The Edge Singapore
- US inflation jumps to 3.7% as Iran war drives up prices · Financial Times
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